ServiceNow (ServiceNow) Cash-to-Debt : 2.14 (As of Dec. 2023)

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What is ServiceNow Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. ServiceNow's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.14.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, ServiceNow could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for ServiceNow's Cash-to-Debt or its related term are showing as below:

NOW' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.45 Med: 1.6 Max: 2.26
Current: 2.14

During the past 13 years, ServiceNow's highest Cash to Debt Ratio was 2.26. The lowest was 1.45. And the median was 1.60.

NOW's Cash-to-Debt is ranked worse than
52.26% of 2792 companies
in the Software industry
Industry Median: 2.415 vs NOW: 2.14

ServiceNow Cash-to-Debt Historical Data

The historical data trend for ServiceNow's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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ServiceNow Cash-to-Debt Chart

ServiceNow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.50

1.45

1.49

1.92

2.14

ServiceNow Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.92	2.20	2.15	1.80	2.14

Competitive Comparison of ServiceNow's Cash-to-Debt

For the Software - Application subindustry, ServiceNow's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ServiceNow's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, ServiceNow's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ServiceNow's Cash-to-Debt falls into.

ServiceNow Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

ServiceNow's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4877	/	(89	+	2195)
	=	2.14

ServiceNow's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4877	/	(89	+	2195)
	=	2.14

ServiceNow (NYSE:NOW) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

ServiceNow Cash-to-Debt Related Terms

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ServiceNow (ServiceNow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ServiceNow Inc (NYSE:NOW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NOWW:Mexico 1NOW:Italy 4S0:Germany 4S0:Germany 4S0:Germany N1OW34:Brazil

Address

2225 Lawson Lane, Santa Clara, CA, USA, 95054

Website

https://www.servicenow.com

ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.

Executives

Paul Edward Chamberlain	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Paul John Smith	officer: Chief Commercial Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Chirantan Jitendra Desai	officer: Chief Product Officer	C/O ZEBRA TECHNOLOGIES CORPORATION, LINCOLNSHIRE IL 60069
Christopher Bedi	officer: Chief Information Officer	2225 LAWSON LANE, SANTA CLARA CA 95054
Gina Mastantuono	officer: Chief Financial Officer	237 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10017
Russell S Elmer	officer: General Counsel
Jacqueline P Canney	officer: Chief People Officer	702 SW 8TH STREET, BENTONVILLE AR 72716
Nicholas Tzitzon	officer: Chief Strat & Corp Affairs Ofc	2225 LAWSON LANE, SANTA CLARA CA 95054
Anita M Sands	director	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Lawrence Jackson	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Frederic B Luddy	director, 10 percent owner, officer: CHIEF PRODUCT OFFICER
Teresa Briggs	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Kevin Thomas Mcbride	officer: Principal Accounting Officer	2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Lara Caimi	officer: Chief Customer & Partner Ofc	C/O CONFLUENT, INC., 899 W EVELYN AVENUE, MOUNTAIN VIEW CA 94041
Deborah Black	director	2225 LAWSON LANE, SANTA CLARA CA 95054